European stocks extend fall as Bernanke speaks

SimonKennedy

LONDON (MarketWatch) -- European stock markets extended their losses Friday as Federal Reserve Chairman Ben Bernanke put off any discussion of further easing measures until the next Federal Open Market Committee meeting in September, which will be expanded to two days. The Stoxx Europe 600 index
SXXP, +0.97%
dropped 2.5% to 221.32, having been trading down around 1.9% immediately before the details of Bernanke's speech were revealed. The U.K. FTSE 100 index
UKX, +0.33%
fell 1.8% to 5,040.20, the French CAC 40 index
PX1, +0.60%
fell 3.1% to 3,022.05 and the German DAX 30 index
DAX, +0.22%
declined 3% to 5,416.70.

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